A weakening yen also added momentum to the car maker's corporate results.

In the same quarter a year ago, Toyota Motor reported a 121 billion yen profit.

The world's top-selling car maker said Wednesday it expects the strong results to continue into the fiscal year through March 2014. It projected a 1.37 trillion yen profit, up from 962 billion yen in the previous year.

A recent plunge in the yen, brought about by the economic and monetary policies of Prime Minister Shinzo Abe who took office late last year, is a boon for Japanese exporters such as Toyota.